The transition loan program is intended to help businesses in Victoria adjust to the new regime
Allens has assisted the Treasury Corporation of Victoria (TCV) as it implements a transition loan program that is part of the Victorian Government’s major reform of stamp duty for commercial and industrial real estate.
The transition loan program is intended to help Victorian businesses adjust to the new stamp duty regime through improving liquidity for commercial and industrial property investments.
"The stamp duty reform represents a pivotal change in the tax landscape, and we are pleased to have supported TCV in this important initiative. It is expected to bolster business confidence and drive long-term economic benefits for the state", Allens partner James Darcy said.
The firm’s cross-practice team provided guidance on the transition loan documentation, going through multiple dimensions associated with finance structuring, financial regulation, legislative amendments to the TCV Act and privacy considerations.
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